The 15 Worst Places to Live on Social Security

Stramp / Shutterstock.com

Home is the place the center is — however ensure you will pay for it in retirement.

Social Security stretches additional in some locations than others, SmartAsset present in a latest evaluation.

To compile its rankings of the place Social Security goes furthest, SmartAsset subtracted the price of primary requirements like housing, meals and transportation from the typical revenue of us obtain from Social Security after taxes. The rankings embrace 3,129 municipalities throughout the U.S.

If you need to do your individual math, begin with SmartAsset’s Social Security Calculator, which can estimate what your Social Security funds can be.

Thanks to knowledge offered by SmartAsset, we took a have a look at the cities, cities and counties the place your Social Security checks will cowl the smallest proportion of your value of dwelling.

Scroll via our slideshow to see the place individuals’s Social Security revenue is stretched the thinnest.

15. Manassas, Virginia

Old Town Manassas, Prince William County, VirginiaMalachi Jacobs / Shutterstock.com

Typical annual value of dwelling: $30,626

Average annual Social Security revenue: $19,012

Expenses Social Security gained’t cowl: $11,614

Residents of Manassas, residence to the primary main land battle of the Civil War, are preventing a value of dwelling that’s 58% increased than Dallas’, 44% increased than Miami’s and 41% increased than Chicago’s, in keeping with Salary.com.

14. Arlington, Virginia

Arlington, VirginiaSean Pavone / Shutterstock.com

Typical annual value of dwelling: $31,895

Average annual Social Security revenue: $20,235

Expenses Social Security gained’t cowl: $11,660

The birthplace of Katie Couric and Sandra Bullock wasn’t spared the ravages of inflation in 2022. Overall costs within the Washington, D.C.-Arlington-Alexandria space elevated 7.5% from July 2021 to July 2022, in keeping with the Bureau of Labor Statistics.

The value of meals consumed at residence rose a report 12.4%, and medical care costs elevated 8.8%, the best 12-month enhance in over 14 years.

13. Santa Clara, California

Santa Clara, CaliforniaSundry Photography / Shutterstock.com

Typical annual value of dwelling: $33,468

Average annual Social Security revenue: $21,675

Expenses Social Security gained’t cowl: $11,793

Amid Silicon Valley giants comparable to Apple and Alphabet, it’s straightforward to know why Santa Clara residents can get squeezed by ever-increasing prices.

12. Falls Church, Virginia

Trail in Falls Church, VirginiaAndrei Medvedev / Shutterstock.com

Typical annual value of dwelling: $32,003

Average annual Social Security revenue: $20,153

Expenses Social Security gained’t cowl: $11,850

It’s one in all “The 10 Most Livable Small Towns in America,” however this quaint metropolis of lower than 15,000 isn’t low-cost for retirees counting on Social Security.

11. Bethel, Alaska

Bethel, AlaskaSevenMaps / Shutterstock.com

Typical annual value of dwelling: $25,750

Average annual Social Security revenue: $13,799

Expenses Social Security gained’t cowl: $11,951

Because of the excessive value of delivery items to Alaska, Bethel residents can get fairly the sticker shock when buying fundamentals. Numbeo, a crowd-sourced database of costs world wide, estimates a gallon of milk right here can value $8.80 and a loaf of bread $6.

10. Prince George’s County, Maryland

National Harbor development along the Potomac River in Oxon Hill, Prince George's County, MarylandD Snyder / Shutterstock.com

Typical annual value of dwelling: $30,742

Average annual Social Security revenue: $18,441

Expenses Social Security gained’t cowl: $12,301

Residents in Maryland’s second-most populous county, which borders Washington, D.C., needed to pay 8.8% extra for medical care, 12.4% extra for meals consumed at residence and 5.7% extra for housing in July 2022 in contrast with July 2021, in keeping with the Bureau of Labor Statistics. Overall, costs rose 7.5%.

9. Queens, New York

New York CitylittlenySTOCK / Shutterstock.com

Typical annual value of dwelling: $31,023

Average annual Social Security revenue: $18,629

Expenses Social Security gained’t cowl: $12,394

Despite being a part of one of the vital costly cities on this planet, renting within the New York City borough of Queens may be considerably cheaper than in Manhattan or Brooklyn. Data analytics firm GBSN Research calculates that renting in Queens may be a whole lot of {dollars} to greater than $1,000 cheaper than in these different boroughs.

8. New York City

New York CityTaiga / Shutterstock.com

Typical annual value of dwelling: $31,504

Average annual Social Security revenue: $19,076

Expenses Social Security gained’t cowl: $12,428

The Consumer Price Index, a measure of total worth inflation, rose 6.5% from July 2021 to July 2022 within the New York-Newark-Jersey City metro space, in keeping with the Bureau of Labor Statistics. Food costs elevated 10.2%, and fuels and utility costs went up 17.3% over that interval.

7. Manassas Park, Virginia

Manassas Park, VirginiaSevenMaps / Shutterstock.com

Typical annual value of dwelling: $31,071

Average annual Social Security revenue: $17,916

Expenses Social Security gained’t cowl: $13,155

According to the Bureau of Labor Statistics, gas costs have taken a chunk out of residents within the Washington, D.C.-Arlington-Alexandria space, which incorporates Manassas Park. Gasoline costs elevated 48% and pure gasoline prices went up 22% from July 2021 to July 2022.

6. Kings County, New York (Brooklyn)

Brian Goodman / Shutterstock.com

Typical annual value of dwelling: $30,578

Average annual Social Security revenue: $17,229

Expenses Social Security gained’t cowl: $13,349

Retirees in Brooklyn — like different New Yorkers — have been hit arduous of their pocketbooks just lately. Between July 2021 and July 2022, meals and beverage costs elevated by almost 10%, family power prices went up 19.5%, and gasoline costs skyrocketed 46%, in keeping with the Bureau of Labor Statistics.

5. Washington, D.C.

U.S. Treasury DepartmentBlackMac / Shutterstock.com

Typical annual value of dwelling: $30,967

Average annual Social Security revenue: $17,174

Expenses Social Security gained’t cowl: $13,793

It’s not low-cost to reside within the seat of the U.S. authorities. According to the Bureau of Labor Statistics’ Consumer Price Index, shelter costs elevated 4.4% right here from July 2021 to July 2022, the best rise since 2007, and the price of electrical energy noticed its greatest annual enhance since 2009, 11%.

4. Marin County, California

Golden Gate Bridge into Marin County, Californiastock_photo_world / Shutterstock.com

Typical annual value of dwelling: $36,956

Average annual Social Security revenue: $22,960

Expenses Social Security gained’t cowl: $13,996

Marin County could also be one of the vital stunning areas of the Golden State, however you’ll pay the worth for it. State and native taxes there are among the many highest within the nation, in keeping with the Tax Foundation.

3. Bronx, New York

Bronx ZooStuart Monk / Shutterstock.com

Typical annual value of dwelling: $29,859

Average annual Social Security revenue: $15,464

Expenses Social Security gained’t cowl: $14,395

The Bronx is likely one of the extra inexpensive New York City boroughs to reside in, in keeping with GBSN Research, however that’s relative.

2. San Mateo, California

San Mateo CaliforniaJames L Simmons / Shutterstock.com

Typical annual value of dwelling: $37,624

Average annual Social Security revenue: $22,287

Expenses Social Security gained’t cowl: $15,337

Even seven-time Super Bowl winner Tom Brady would discover his birthplace costly. San Mateo’s value of dwelling is 100% increased than the nationwide common, and housing costs are a surprising 255% increased, in keeping with Payscale.

1. San Francisco, California

San Francisco, CaliforniaIM_photo / Shutterstock.com

Typical annual value of dwelling: $36,553

Average annual Social Security revenue: $18,567

Expenses Social Security gained’t cowl: $17,986

Prices within the San Francisco space elevated 6.8% from June 2021 to June 2022, in keeping with the Bureau of Labor Statistics’ Consumer Price Index. Food costs rose 10.8% and fuels and utilities value 15.8% extra over that interval.

Disclosure: The data you learn right here is at all times goal. However, we generally obtain compensation while you click on hyperlinks inside our tales.